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Bonds

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WHAT YOU SHOULD KNOW

It pays to compare prices between brokers.

When buying bonds, shopping around to find the lowest market price and transaction fees is especially worthwhile. Transaction costs can either be a flat fee or a percentage of your overall trade, and can vary depending on where you purchase the bond.

What can I do about this?

Always compare prices from multiple dealers before purchasing a bond. Compare prices and screen over 60,000 bonds from over 200 dealers with Schwab BondSource®.1

To better understand how much you paid for bonds you currently hold, talk to one of our Bond Specialists at 877-906-4670.



Get clear on fees.

How are fees impacting your returns?

Find out by asking these key questions.

Questions? We’re ready to help.


Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks, including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.

In the bond market there is no centralized exchange or quotation service for most fixed income securities. Prices in the secondary market generally reflect activity by market participants or dealers linked to various trading systems. Bonds available through Schwab may be available through other dealers at superior or inferior prices compared to those available at Schwab. All prices are subject to change without prior notice.

Schwab reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When Schwab acts as principal, the bond price includes our transaction fee (outlined above) and may also include a markup that reflects the bid-ask spread and is not subject to a minimum or maximum. When trading as principal, Schwab may also be holding the security in its own account prior to selling it to you and, therefore, may make (or lose) money depending on whether the price of the security has risen or fallen while Schwab has held it. When Schwab acts as agent, a commission will be charged on the transaction.